Why is DGP so much higher than 2x GLD right now?

[Actuarial_Fun]

When the UGLD ended I went to UGL (from Proshares) which is a lot more liquid than DGP. I also use AGQ in place of USLV.

Thanks for the tickers. Unfortunately, my IRA won't allow those, but good for my taxable account. Thanks.

 

[Stevekinghan]

I would suggest you have a look on how ETFs work. As already mentioned it’s true they have double returns.

 

[Actuarial_Fun]

This was an amazing inefficiency and great free money opportunity. It was off it's NAV over 20% and corrected reasonably quickly after. Surprised it took the week though to level out. Surprising there is free money like this sitting out there.

 

[nitrene]

These inefficiencies usually only happen in illiquid markets or the closed end funds. I'm still amazed that people went from UGLD to DGP and not to UGL considering UGL is a very old ETF started by the pioneers of leveraged ETFs -- ProShares.

I used to trade the SKF ETF (-2X XLF) back during the last crisis when the banking stocks were tanking in 2008.